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I placed a call to seedling corp regarding former CEO of Brighton, Kit Kung, to see if Kit had any more shares of GCHC to dump. They said he got rid of all his shares last year and seedling has Kit's remaining 100,000 shares. This means GCHC's shares will be trading in a stable market from here on out. Nov.11 should be a good day.
Great news just broke: go to http://www.chinaonline.com/topstories/011105/1/C01110608.asp
The BoD meeting in England should finally give us some company news once they finish their conference. I think we have finally arrived.
Nice to see this upswing before we have some official company news. If we see a surge in volume come the end of next week. We know the guys in the UK have finally seen the light.
Chinaonline has another interesting article regarding WTO talks with China. Share price is moving up on small volume and no news. Looking very healthy.
The SUTCO booth at the last WC went very well and customer base continues to grow. Audits should be completed by mid dec01. WTO talks to take place on time and this should be a stimulus to all Chinese stocks.
I will be briefed on the wire conf. next week. The Chinese are celebrating a holiday all this week and the plant is closed till the 7th.
There are some very interesting articles posted daily on chinaonline.com Most of the news regarding foreign investments has been very positive. The Chinese tourist industry has not been hurt too much by our troubles. ____charity.
An article of interest: http://www.chinaonline.com/topstories/010919/1/C01091901.asp
SEC filings, press releases and China entering WTO should all take place at the same approx. time. I will post any news on the Wire Conf. Unigel is attending late this month.
A view I uphold- http://www.antiwar.com/orig/browne3.html
A look at our fellow man & friends- http://thankyou.fast-networks.net/
PAX-Chief
I have some news for all you investors. Click on http://www.siliconinvestor.com/headlines/financial/20010914/361046.html
I have just received word that the sale of Unigel will NOT take place. The plant in China has increased their workforce by 12 and are doing very well. The company will be farming out their website to a new HK firm, so at least we will get updates.
In the coming week I will have some more information on future plans. I will try and post some news regarding the next Expo conference that Unigel will attend.
Pres. Bush is pressing hard to get China into the WTO and no matter how the press twists the truth. This move will be positive for all of us planet dwellers.
Great news for us investors in the China market: http://www.chinaonline.com/topstories/010705/1/C01070550.asp
China.com getting hit by 2 different class action suits. GCC's cautious approach to pr may have been the right course. Not good for us investors who have been waiting for some news for 2 years. Time will tell.
In a Bloomberg article about Alcatel and it's projected losses. The fiber optic cable divisions were makng money for the company but it's other subs were projected to lose. Symbol ALA took a hit today along with bad news from Marconi. Alcatel is one of SUTCO's buyers for their gel and related equipment.
I don't think the share price of these telecom and related companies is a true barometer. These companies still generate billions in revs but the investment community grades on a different scale. It wil be interesting to see how te market views GCC's financials.
I think you have competition Creek. Just came from reading three other message boards and it looks like you are not the only bidder. MM's lowering te bid to fill orders and scare the weak investors. Nothing new under the sun.
Creek-your order may have to be split up into smaller lots. Remember, with Kit having sold all his shares, the pool of shares left may be scarce. Good luck.
They have a website greaterchinacorp.com , but until they file their 10k & 10Q reports, it has been inactivated.
Some figures just were releasd regarding investment dollars going to Asia. China will receive $40B from the US and the rest of Asia will only be getting $20B. Looking like WTO talks may reach a head first week of Nov01.
I think China is the next gold mine for stocks and GCC (GreaterChinaCorp) has the right name. If the plans that were explained to me take affect, we should be in good standing. I won't waste my time talking about these plans as long as we have the resident jester posting. Happy 4th to all!
WTO talks are heating up again, as this aricle clearly states. http://www.chinaonline.com/topstories/010627/1/C01062606.asp
The last time I spoke with Mr. Edleson he said he had 150k shares left out of 300k that he held originaly. I think he sold half at around $1.
Kit Kung, the previous CEO, has sold over 2 million shares last year. Kit is now being sued by the new owners of his defunct company. If anyone was concerned about all those sells/volume last year. Thet were Kit & Co. dumping. The insiders and everyone else involved in GCC are sitting tight.
The ideal scenerio for gchc shareholders would be positive WTO talks and SEC filings. I've already talked to COB & CEO regarding this matter. I can't read their minds so I just hold & hope & buy more.
Mr. Edelson would have closed this Unigel sale months ago and by now we all would have read the 10K & 10Q reports. But such is the way of contract signings when one has incomps handling the transaction. I will put some of the blame on the Chinese for their lack of tust and in the language barriers.
Creek; the actual press release can be retrieved by going to PR Newswire, Monday, April 26 1999 @ 1413. This press release can also be found on ragingbull-post #571 under gchc.
If you read this pr closely you can feel the anxiety/concern by the writers. If they had left the first paragraph off the pr, the share price would have gone much higher. It would have been much nicer to let the market control the price rather than putting out such a questionable pr.
This might be good news, I think investors need a more responsive group in charge. And I think that is an understatement. I await a call from the UK and if the talks can be passed on to those reading this board-fine.
I am reading more and more reports about the saturation of fiber optic cable lines. Where there are hints there usually are substance.
I'm still waiting for word on Unigel sale. The Chinese must have some crafty lawyers to have this deal signed. As soon as this sale goes through the auditor will file the past 2 year's financials.
My pleasure doc; long time between reads and it does look pretty good for us diehards. The crim is out and now we can make a few $$$$$'s. Pax
It is my understanding that talks still are active. The other 4 major players in the fiber optic field are also involved. The equipment and gel samples brought over for the Atlanta's wire conf. were sold and Ian said they received orders from the other active suppliers. Hope you fill your buy order before GCC decides to run some PR.
There is no news to report this week. The directors of GCC are trying to work out a plan that will build the most return for our investment. Our partner in China is doing very well and this will be made apparent in the SEC filings. Once the auditor gets the required financials it will take 60 days to run the audits. In the mean time I would be a buyer.
A better question for the doubters is "Why are you still holding on to shares of this company?". A stock that is still trading after 2 years of not reporting tells me that the SEC is either a total farce or the SEC can't find any crimes. We shall see-if you care to stick around.
I am not saying that all companies that invest in China are not drawing out any cash. Your logic makes sense but in GCC's case what I stated is true. You can call the Hein group and ask them or Jeff Berg's office and hear what they have to say. Then post your findings. Whether you believe facts that I know are true is up to you. I'm invested and just post here to lend information not to try and misslead. Why don't you call the Unigel plant in China-ask Ian if any money is being filtered into any place but back into the operations. Now of course you can say he is lying-that is for you to decide.
i can only speculate that with the exposure this wire conference gave GCC that the ceo is trying to up the price for the Unigel sale. Or mabie the exposure to the US market will eventually lead to a plant here in the states. This move would allow GCC to have a revenue source not controlled by the Chinese government.
The auditors said they have not received any financial statements from the company. They understand that the plant in China is a profit maker but no money can be taken out of China, not even some to pay them for past work. I am thinking that nothing will be resolved till the CEO understands his duties to the shareholders.
I have spoken with the GCC lawyers and they offer no help-their respnse is always the same-"We are their council not yours, sorry we can't help you". The SEC won't give me a clue to what they are doing and the CEO just won't respond. The COB wants transparency of all business transactions but is getting very little from the UK boys. I can only report what my contact in China is telling me. Just have to have some faith that CEO will realize his duties as the head of a public company.
Update on wire conference: Company made a very good showing but no mention of this on Unigel site. I have not been able to get a response from our leaders in England so I have no clue as to what is on their agenda. No word on the sale of Unigel but I'm inclined to think GCC will keep this profitable plant. Problem is getting the revs out of China-management keeps plowing the money back into the plant and operations. I read where WTO-China deal is moving at a snails pace-seems to be the MO for all China related situations.
Check out the past filings-then find the past creditors and do some DD. If my facts are incorrect-correct me. This will be my last post here till company issues a PR.
Company officials stated that Quadrax will not file with the SEC-no 10Q or 10K. The company has basicaly no income generating capacity, the merger talks with Coleman Cable are defunct and EB will not put any more capital into this entity. The creditors are being offered 7 cents for their shares and have 30 days to respond. All shareholders are thus left with no recourse but to absorb the loss-one more time and this time it appears to be finality.
The last three postings have been removed by the IHUB administrator. They were spams regarding other websites and had nothing to do with GCC.
The manager of the SUTCO/Unigel plant, Ian Hetchell, is in Atlanta, GA. attending the wire conference. Ian said he would be glad to speak with any investor in GCC, as long as it does not interfere with his main objective-selling and promoting SUTCO/Unigel products.
I have not received any response from Gary Robinson (CEO) and the attorneys have nothing to offer regarding filings. Nothing new from the NY office nor from my Chinese contacts. The stock still trades so SEC must be satisfied with company's status.
I mentioned the fact that at least a NT-late filing could have been filed so we investors weren't left in the dark. CEO said he follows the mandates of EB-but did apologize. I think SEC filings cost money so maybe this is their reasoning. I told him it is bad for investor confidence not to keep us posted. We shall see where we are headed in a few weeks-I hope.
I spoke with the CEO and he said the auditors will release the 10K once everything has been reviewed. he 10Q will follow the 10K release. There is no point in calling the NYC office-there is nothing they can say or discuss with investors that will not be published in the 10K.
Gary is the CEO and John Allen is on the board of directors-he is the COB. Gary's e-mail address is printed in the message above. John Stark's office-enforcement@sec.gov will return your e-mail and if you want to speak with his office-give them your phone number. They called me back within a weeks time. Call Berg's office at 310-820-0083-they handle GCHC's legal affairs-they need to hear our concerns. Maybe then Gary will get off his position of not responding to investors. Leave a message on John Allen's answering service-he does listen to your phone messages-but he too is very frustrated by the CEO's lack of due dilligence. Remember this-John Allen is for us investors before he is for these clowns in the UK. I've spoken with Manfred Unger-1.4mm share investor-he is working for us investors and wants this company to move. Your voice is important-so don't think because you only have a few thousand shares that the SEC/company/attorneys don't listen. If this Unigel sale goes thru and your voice is not heard-we may end up with the crumbs. Make it clear to everyone you contact-that the money derived from tis sale goes straigt to the coffers of GCHC and not into managements pockets. Chief.
Send your opinions/complaints to :
ENFORCEMENT@sec.gov
Would also call Jeff Berg office: 310-820-0083 You won't get much information just log a complaint about CEO's lack of investor relations output.